China's stock market rebounded, with the Shanghai Composite Index closing 1.36% higher at 3,967.1. The index briefly hit a three-month low in the morning session, but reversed course in the afternoon as investors welcomed a sharp rise in exports in the June trade data. Energy stocks surged amid heightened tensions in the Middle East, while fifth-generation communications-related stocks and artificial intelligence-related stocks rose 6% and 2%, respectively. Hong Kong's market also extended gains, with the Hang Seng Index ending 0.52% higher at 24,340.73.